Everybody knows what budget management is but fail to put the knowledge into practice. While keeping a track of all the expenses manually is neither easy nor interesting, this is where the budget management apps play a salient role. Here are some reasons in case you wonder why do you need the budget management apps in the first place:
- They help in avoiding unnecessary expenditure.
- They aid in saving for specific goals like property, car or a vacation.
- They allow keeping records of past years’ expenses.
- They ensure to make fraud or misuse noticeable.
- They prevent overspending and rule out the chance of being debt-ridden.
Here in this article, we have curated a list of the top 5 best apps for easy budget management:-
1. Expensify
Downloads (Android): 1 million+
Rating: Android- 3.2, iOS- 4.7
Pricing: Free; paid plans ranging from $4.99/ month to $9/ month
Pros:
- Automatic currency converter
- 25 smart scans per month in the free version
- Tracking mileage expenses
Cons:
- Difficulty in linking with credit cards of a few banks
- Glitch of a duplicate receipt being uploaded
- Poor customer service response
- Some desktop features absent in the mobile app
Click the icon below to download now:
2. Goodbudget
Downloads (Android): 1 million+
Rating: Android- 4.5, iOS- 4.7
Pricing: Free; paid plan for $7/ month or $ 70/ year
Pros:
- One year of history with the free plan & 7 years of history with the paid plan
- Tracking debt payoff status
- Syncing the budget on different devices
Cons:
- No option of syncing with the banks
- No option of linking the account with an investment or retirement plan
Click the icon below to download now:
3. Money Manager
Downloads (Android): 10 million+
Rating: Android- 4.7, iOS- 4.7
Pricing: Free, paid version for ₹ 390 per month
Pros:
- Numerous filter options to view transactions
- Linkable to up to ten accounts in the free version
- Mentioned in editors’ choice list
Cons:
- No daily reminders to remind you to track your expenses
Click the icon below to download now:
4. Wallet
Downloads (Android): 1 million+
Rating: Android- 4.6, iOS- 4.4
Pricing: Free; paid plan for $ 21.99 per year
Pros:
- Weekly spending reports
- Benefit of sharing your stats with a spouse, friend or family
- Easy and user friendly interface
Cons:
- No option of syncing with bank in the free version
- Web version lacks a few features available in the app
Know more about the Top 5 Habit Tracking Apps for a successful and happy life!!
Click the icon below to download now:
5. Monefy
Downloads (Android): 5 million+
Rating: Android- 4.5, iOS- 4.6
Pricing: Free; paid version for $3 per month
Pros:
- Daily, weekly and monthly spending charts
- Super easy to access
- Accessible on multiple devices
- Built in calculator
Cons:
- No option for setting goals
- iOS version lacks a few features present in the android app
- Password protection through numeric passcode only
Click the icon below to download now:
